Picture of Outfront Media logo

OUT Outfront Media News Story

0.000.00%
us flag iconLast trade - 00:00
FinancialsBalancedLarge CapNeutral

OUTFRONT Media Q1 revenue rises, beats estimates

Overview

U.S. out-of-home advertiser's Q1 revenue rose 10% yr/yr, beating analyst expectations

Net income swung to profit from loss in prior-year period

Growth driven by strong billboard and transit segment performance, higher digital revenues

Outlook

OUTFRONT Media did not provide specific guidance or forecasts for future periods

Result Drivers

BILLBOARD SEGMENT - Revenue growth driven by higher proceeds from condemnations and increased average revenue per display, including digital billboard revenues

TRANSIT SEGMENT - Higher average revenue per display boosted transit revenues, partially offset by changes in franchise contracts

COST MANAGEMENT - SG&A expenses increased due to higher compensation-related expenses, partially offset by lower credit card usage by customers

Company press release: ID:nPn9jlTcFa

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 RevenueBeat$429.60 mln$420 mln (4 Analysts)
Q1 EPS$0.11
Q1 Net Income$19.10 mln
Q1 Adjusted FFO$61 mln$0.23 (1 Analyst)
Q1 FFO$63.50 mln
Q1 Operating Income$55.90 mln
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Recent news on Outfront Media

See all news